Market Live:
Sensex up 100 pts despite Brent crude hits $74/bbl; Metal index up 2%
The 30-share BSE Sensex was up 111.58 points at 34,443.26 and the
50-share NSE Nifty rose 41.20 points to 10,567.40.
Nifty Metal was up 1.6 percent as Hindalco, Vedanta, Nalco and Tata Steel
rallied up to 5 percent on positive global metal prices.
Nifty Midcap was up 75 points.
Fortis Healthcare, Mishra Dhatu, Mindtree, HDFC Standard Life, Phoenix
Mills, Aban Offshore, Godrej Industries, Godrej Consumer Products, Dabur and
Kaya gained up to 7 percent.
All sectoral indices were in the green, with the Nifty Metal index rising
more than 2 percent while Media index continued its upmove, up another 1
percent.
Brent crude oil futures hit USD 74 a barrel after a decline in US crude
inventories and top exporter Saudi Arabia is expected to keep withholding
supply to prop up the market.
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